TORONTO, May 22, 2024 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that the maiden 2024 drill program has commenced at the Company’s Khan Project on Madison Westlocated in the highly prospective Erongo uranium province of Namibia.
Photo 1: Work in progress at Madison’s Khan Uranium Project, Namibia. May 22, 2024.
Photo 2: Work in progress at Madison’s Khan Uranium Project, Namibia. May 22, 2024.
Photo 3: Work in progress at Madison’s Khan Uranium Project, Namibia. May 22, 2024.
Drilling will focus on the areas described as announced at Madison’s News bulletin of April 18, 2024. The Company will publish the results as deemed necessary and after they have been fully analyzed.
Qualified person
Mary Barton, Professional Physical Scientist (SACNASP) and Qualified Person for the Purposes of National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects for ML86A, has reviewed, verified and approved the technical information contained herein the news bulletin.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN ) (OTCQB: MMTLF ) (FSE: 4EF0 ) is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. With over 50 years of mining experience, including 22 years in Namibia, the management team has geological and economic expertise and a track record of creating shareholder value.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at www.sedarplus.ca.
For more information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
ir@madisonmetals.ca
Media Inquiries:
Adam Bello
Director, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com
Questions from European investors:
Florian Munsch
Euroswiss Equity Group
+49 1575 5821793
media@euroswiss.group
Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this publication.
Forward-looking statements
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding proposed future exploration and drilling by Madison.
Generally, forward-looking statements can be identified by using forward-looking language such as “plans”, “expects” or “does not expect”, “expects”, “budget”, “schedule”, “estimates”, “anticipates”, “intends” , “continue”, “expects” or “does not expect” or “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “will”, “would”, ” may’ or ‘will be taken’, ‘happen’ or ‘will be achieved’. Forward-looking statements are made based on certain assumptions and other material facts that, if untrue, could cause the Company’s actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding current and future business strategies and the environment in which the Company will operate in the future.
Certain important factors that could cause actual results, performance or achievements to differ materially from those in forward-looking statements include, but are not limited to: the global economic climate; competition; labor shortages and unforeseen Company expenses. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that could cause the Company’s actual results, level of business, performance or achievements to differ materially from those expressed or implied by such forward-looking statements, including , indicatively,: inability of the Company or its contractual partners to fulfill their respective obligations based on agreements. unanticipated drilling delays as described in this press release; the impact that the COVID 19 pandemic may have on the Company’s operations and the economy in general; the impact of the recovery following the COVID 19 pandemic and its impact on precious metals; download of necessary approvals; general business, economic, competitive, political and social uncertainties; accidents, labor disputes and shortages; environmental risks; and other mining industry risks.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results to differ from those expected, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events may differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
More information about these and other risks can be found in filings made with Canadian securities regulators available on the Company’s SEDAR+ profile page at www.sedarplus.ca. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
The photos accompanying this announcement are available at
Photo 1
Work is underway at Madison’s Khan Uranium Project, Namibia. May 22, 2024.
Photo 2
Work is underway at Madison’s Khan Uranium Project, Namibia. May 22, 2024.